News

Pier Park $740K over budget

Westminster Pier Park was nearly three quarters of a million dollars over budget, according to a report to city council on Monday.

The park, which officially opened June 16 on the Fraser River waterfront, was expected to cost more than $25 million. The provincial and federal governments both threw in $16.6 million.

The final report shows expenses exceeded the budget by $740,080, which works out to 2.9 per cent, for a total of nearly $25.9 million.

“This is primarily attributed to additional environmental investigation and reporting required to meet recently enacted Ministry of Environment regulations, and the need to install additional mitigation measures,” said city engineer Jim Lowrie in the report. “Project costing is within expected tolerance from original cost estimates which are considered accurate to plus or minus 10 per cent.”

The report says the park could be an catalyst for other private investment in the Downtown area.

Design work on a $1.25 million bicycle/pedestrian overpass that would provide access to the park from Fourth Street has begun with construction expected to start in the fall.

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

B.C. to announce Peace River dam decision
 
Restaurants expected to slowly comply with organics disposal ban
 
PST hike for transit may push Metro shoppers east into Fraser Valley
New medical pot regime beset by complaints
 
Obama: US re-establishing relations with Cuba
 
Prince William, Kate to visit Sept. 11 Memorial
Crafted costumes add sparkle to classic show
 
Langley Secondary School closure considered
 
Farmers think migratory birds spreading avian influenza

Community Events, December 2014

Add an Event